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Central Bank of Stillwater bought the assets and deposits of Mainstreet Bank branches across the state when Mainstreet was closed Saturday after the state Department of Commerce announced it had failed. Central Bank officials said Mainstreet Bank customers will see little to no changes to their accounts or banking.

Mainstreet Bank's Woodbury branch part of buyout

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Customers of now-defunct Mainstreet Bank, including its Woodbury location, should notice little change under the new ownership of Central Bank, that firm's CEO said.


Mainstreet Bank failed and was closed Aug. 28 by the Federal Insurance Deposit Corp. Its eight branches, including in Newport and Tamarack Village in Woodbury, reopened Saturday after the chain was bought by Stillwater-based Central Bank.

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